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SBI Card ELITE
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Quick facts
SBI Card ELITE
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SBI Card ELITE
Pairs milestone vouchers with Air India miles for frequent flyers.
Key Benefits
Realistic net value (moderate user)
₹1,701/year
Annual fee
₹4,999
Issuer headline rate: 5X reward points — see calculator for caps
After ₹4,999 fee & ₹630 forex. Based on ₹40,000/mo spend.
12,400 users matched · Verified 2026-06-25
Apply directly with the bank. We never call you. The bank may contact you on their application form.
We earn commission if approved — at no cost to you. Zero sales calls.
Our transparency commitment
✓ Reward caps shown in absolute ₹ — not just "5% cashback"
✓ Exclusions listed upfront — fuel, EMI, rent, wallet
✓ Point conversions with conservative ₹/point rates
Rates, fees, and eligibility notes are sourced from public issuer information and may contain errors. Always verify on the bank's website before applying.
All Benefits
Rewards, lounge rules, fee perks, and extras — sourced from public issuer information.
- Lounge: 8 complimentary domestic lounge visits per year — No minimum spend required for lounge access
- Travel: 5X reward points
- Other spends: 2X reward points
- Lounge: 8 visits/year
- 8 domestic lounge visits/year
- Air India miles
- Milestone travel vouchers
- Annual fee waiver at ₹10,00,000 yearly spend
- Welcome bonus up to ₹5,000
- Best for: ₹8L+ annual card spend
- Best for: Air India flyers
- Best for: Milestone voucher collectors
Source: SBI Card ELITE T&Cs
Flights, hotels, zero forex options
UPI rewards (credit on UPI)
UPI credit not supportedVisa/Mastercard — UPI credit not supported.
UPI credit uses RuPay-linked cards on apps like GPay, PhonePe, and Paytm. Rates and exclusions follow issuer MITC — verify before relying on UPI for rewards.
Reward Structure
Source: SBI Card ELITE T&Cs
Travel
5X reward points
Other spends
2X reward points
Lounge
8 visits/year
Excluded categories (no rewards)
Fee waiver at
₹10,00,000 annual spend
Lounge access
8 complimentary domestic lounge visits per year
Spend criteria: No minimum spend required for lounge access
What You Actually Earn (in ₹)
Absolute INR estimates based on your spends. Caps and exclusions applied — no marketing fluff.
Gross rewards / year
₹7,330
Before fees & forex
Costs / year
₹5,629
Fee ₹4,999 + forex ₹630
Net value / year
₹1,701
0.35% effective return on spend
Points earned (all categories)
≈ 777 pts/mo (9,324 pts/yr) before caps · at ₹0.25/pt that's ~₹194.25/mo (~₹2,331/yr) in reward value
Category-wise breakdown
Travel & flights
Spend ₹5,000/mo · 8 pts per ₹150 spend
₹800/year
₹66.67/mo
₹5,000 → 267 pts/mo × ₹0.25/pt = ₹66.67/mo267 pts/mo (3,204 pts/yr) × ₹0.25/pt → ₹66.67/mo
All other eligible spends
Spend ₹25,500/mo · 3 pts per ₹150 spend
₹1,530/year
₹127.50/mo
₹25,500 → 510 pts/mo × ₹0.25/pt = ₹127.50/mo510 pts/mo (6,120 pts/yr) × ₹0.25/pt → ₹127.50/mo
Fee waiver: Spend ₹10,00,000/yr to reverse the ₹4,999 renewal fee. You're at ₹4,80,000/yr.
Estimates assume eligible spends only (exclusions per issuer T&Cs apply). Point values use typical redemption rates — actual value varies by redemption choice. Bank approval and reward crediting is at issuer discretion.
Best for
- →₹8L+ annual card spend
- →Air India flyers
- →Milestone voucher collectors
Points → INR Conversion Guide
Marketing says "10X points" — here's what that actually means in your pocket.
travel — 8 pts per ₹150 spend
You spend
₹10,000
You earn
533 pts
Worth ≈
₹133.33
@ ₹0.25/point
all — 3 pts per ₹150 spend
You spend
₹10,000
You earn
200 pts
Worth ≈
₹50
@ ₹0.25/point
Redemption reality: Point value varies — cashback redemption is typically lower than travel partner transfers. We use a conservative ₹0.25/pt in calculations.
Still deciding? Compare side-by-side or get a personalized shortlist.
Fees & Charges — Full Disclosure
All amounts in INR. Everything that can reduce your net value.
Joining fee
Charged in first year
₹4,999
Annual / renewal fee
Waived on ₹10,00,000 annual spend
₹4,999
Forex markup
3.5% on international transactions
Finance charges
≈3.5–3.75% per month (42–45% p.a.) if you revolve balance — pay in full to avoid
Late payment fee
₹400–₹1,300 depending on statement balance — always pay on time
Reward redemption fee
Usually ₹0 for cashback cards; points cards may have ₹99+ redemption fee
Example: moderate user net math
Eligibility Snapshot
Public criteria from SBI Card ELITE T&Cs. Bank makes final decision.
Important: These are indicative eligibility bands from issuer websites. Actual approval depends on the bank's internal score, existing relationship, and current portfolio policy. CardHungry shows bands, not guarantees.
FAQ
How much can I actually earn with SBI Card ELITE?+
At moderate spend (₹40,000/mo), gross rewards are about ₹2,330/year. After the ₹4,999 annual fee, net value is approximately ₹1,701/year. Use the calculator above to model your own spends.
What is the minimum income for SBI Card ELITE?+
₹60,000/month for salaried applicants (indicative — bank decides).
What spends do NOT earn rewards?+
Fuel, Rent, Wallet, EMI, Government.
Does CardHungry pull my CIBIL score?+
No. We use public eligibility criteria only. The bank will check CIBIL when you apply.
How do I get the annual fee waived?+
Spend ₹10,00,000 in a calendar year to get the ₹4,999 renewal fee reversed.
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Compare all →Approval estimate based on public eligibility criteria. Indicative only. Not a guarantee of approval.